Indonesia Snack Bar Market Size

Snacks Bar in Indonesia Market Analysis

The Indonesian snack bar market is expected to register a CAGR of 7.5% during the forecast period.

• The market is primarily driven by rising consumer demand for healthy and convenient snacking options. Individuals' increased health consciousness and the expanding popularity of athletic and sporting activities also push the market's growth. In accordance with this, the rising prevalence of obesity and other lifestyle disorders is fueling market expansion.
• Furthermore, vigorous promotion initiatives carried out by key market leaders and significant investments in collaborations with prominent sports and media figures are resulting in increased product consumption across the country. The launch of snack bars with unique tastes and ingredients, as well as their easy availability across online and offline organized retail channels, are also driving the market.
• Increased snacking habits and consumers seeking healthier snacks are the key drivers for the market. Expanding modern grocery retail offering wide brands of packaged food and convenient packaging are various factors fueling the snack bar market growth.
• Moreover, the demand for vegan snack bars has also increased with the inclination toward plant-based products and a vegan diet. Some of the prominent flavor components for plant-based snack bars include beet, spirulina, orange, peanut butter, brownie, and red berries. In addition, market competitors have been launching snack bars made with vegan components that contain little or no sugar. Rising urbanization, evolving nutritional choices among the Indonesian population, the introduction of targeted-consumer products, and substantial research and development (R&D) operations are some of the major drivers driving the market growth.